BAT Batero Gold Corp

This release corrects and replaces the release that was sent on April 26, 2012
at 8:21 AM ET due to multiple revisions.


Batero Gold Corp. ("the Company") (TSX VENTURE:BAT) is pleased to announce that
it has closed its previously announced oversubscribed special warrant financing
co-led by Raymond James Ltd. and Cormark Securities Inc. (collectively the
"Agents") (the "Brokered Financing"). The Company also completed a non-brokered
special warrant financing (the "Non-Brokered Financing") on the same terms as
the Brokered Financing.


The Company issued a total of 9,714,700 special warrants (the "Special
Warrants"), at a price of C$0.65 per Special Warrant (the "Issue Price") for
total gross proceeds to the Company of C$6,314,555 (the "Offering").
Specifically, the Company issued 9,114,700 Special Warrants (for proceeds of
C$5,924,555) as part of the Brokered Financing and 600,000 Special Warrants (for
proceeds of C$390,000) as part of the Non-Brokered Financing.


The net proceeds will be used to advance the Company's 100% owned Quinchia
Project within a planned preliminary economic assessment, including additional
drilling and metallurgical work, and for working capital and general corporate
purposes.


Each Special Warrant entitles the holder to acquire, upon deemed exercise and
for no additional consideration, one unit (a "Unit"), consisting of one common
share ("Common Share") in the capital of the Company and one-half of one common
share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles
the holder to acquire an additional Common Share at C$0.90 during the period
ending 24 months from closing.


The Company has agreed to use its reasonable commercial efforts to obtain,
within 60 days from closing (the "Qualification Deadline"), a receipt for a
final short form prospectus qualifying the distribution of the Units upon
exercise of the Special Warrants (the "Prospectus Qualification"). If the
Prospectus Qualification does not occur before the Qualification Deadline, each
holder shall be entitled to receive, without payment of additional
consideration, 1.1 Units per Special Warrant. 


Unless the Prospectus Qualification occurs, securities issued in connection with
the Offering are subject to a hold period expiring on August 27, 2012.


In consideration for their services, the Agents received a cash commission equal
to 6.0% of the gross proceeds of the Brokered Financing and an advisory fee of
3.0% of the gross proceeds of the Non-Brokered Financing, and compensation
options entitling the Agents to purchase that number of common share purchase
warrants equal to 5.0% of the aggregate number of Special Warrants issued
pursuant to the Brokered Financing at the Issue Price and compensation options
entitling the Agents to purchase that number of common share purchase warrants
equal to 2.5% of the aggregate number of Special Warrants issued pursuant to the
Non-Brokered Financing at the Issue Price. Each such compensation option is
exercisable to acquire one common share in the capital of the Company during the
period ending 24 months from closing.


ON BEHALF OF THE BOARD OF

BATERO GOLD CORP.

Brandon Rook, President & CEO 

Batero Gold Corp.

ABOUT BATERO GOLD  

Batero Gold Corp. (TSX VENTURE:BAT) is a Vancouver-based precious and base
metals exploration and development company focused in Colombia's emerging and
prolific Mid-Cauca porphyry gold and copper belt. Batero has a 100% interest in
the Quinchia gold project located within the Quinchia district of Colombia. The
Quinchia district and Batero's project are considered socially stable and mining
friendly and the project is supported with a comprehensive infrastructure
network. Batero has assembled a strong management and technical team in Colombia
that has contributed to numerous significant discoveries throughout Colombia and
to major porphyry mineral development programs in South America.


FORWARD LOOKING STATEMENTS: Certain of the statements and information in this
press release constitute "forward-looking statements" or "forward-looking
information" Any statements or information that express or involve discussions
with respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but not always,
using words or phrases such as "expects", "anticipates", "believes", "plans",
"estimates", "intends", "targets", "goals", "forecasts", "objectives",
"potential" or variations thereof or stating that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur or be
achieved, or the negative of any of these terms and similar expressions) are not
statements of historical fact and may be forward-looking statements or
information.


Forward-looking statements or information relate to, among other things: the
anticipated timing of the Prospectus Qualification and the advancement of the
Batero-Quinchia project and work to be completed thereon. 


Forward-looking statements or information are statements about the future and
are inherently uncertain, and actual achievements of the Company or other future
events or conditions may differ materially from those reflected in the
forward-looking statements or information due to a variety of risks,
uncertainties and other factors, including, without limitation, the timing of
the receipt of regulatory approvals required to complete the Offering and those
referred to in the Company's Management's Discussion and Analysis dated as of
February 28, 2012 under the heading "Risk Factors". Although the Company has
attempted to identify important factors that could cause actual results to
differ materially, there may be other factors that cause results not to be as
anticipated, estimated, described or intended. Accordingly, readers should not
place undue reliance on forward-looking statements or information.


The Company's forward-looking statements and information are based on the
assumptions, beliefs, expectations and opinions of management as of the date of
this press release, and other than as required by applicable securities laws,
the Company does not assume any obligation to update forward-looking statements
and information if circumstances or management's assumptions, beliefs,
expectations or opinions should change, or changes in any other events affecting
such statements or information. For the reasons set forth above, investors
should not place undue reliance on forward-looking statements and information.

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